Every few months, it seems, a fine art photograph is sold at auction for an astronomical price and then takes its place among the world’s most expensive photos. The price tags are large, but pale in comparison to the hundreds of millions of dollar shelled out for the world’s priciest paintings.

One reason for the price discrepancy may be due to the fact that art collectors are more wary of fine art photography’s long term value, and the fact that any reprints of the same images made in the future could drastically affect the value of their investments. However, a new report has found that confidence in the photography market is steadily rising, meaning we’ll likely see prices continue to balloon.
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